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Journal ArticleDOI

A Comparative Study of Statistical and Rough Computing Models in Predictive Data Analysis

D. P. Acharjya, +1 more
- 01 Apr 2017 - 
- Vol. 8, Iss: 2, pp 32-51
TLDR
The comparative analysis is carried out over financial bankruptcy data set of Greek industrial bank ETEVA and it is concluded that rough computing techniques provide better accuracy 88.2% as compared to statistical techniques whereas hybridized computing techniques provides still better accuracy 94.1%.
Abstract
Information and technology revolution has brought a radical change in the way data are collected. The data collected is of no use unless some useful information is derived from it. Therefore, it is essential to think of some predictive analysis for analyzing data and to get meaningful information. Much research has been carried out in the direction of predictive data analysis starting from statistical techniques to intelligent computing techniques and further to hybridize computing techniques. The prime objective of this paper is to make a comparative analysis between statistical, rough computing, and hybridized techniques. The comparative analysis is carried out over financial bankruptcy data set of Greek industrial bank ETEVA. It is concluded that rough computing techniques provide better accuracy 88.2% as compared to statistical techniques whereas hybridized computing techniques provides still better accuracy 94.1% as compared to rough computing techniques.

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Citations
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References
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Journal ArticleDOI

Financial ratios, discriminant analysis and the prediction of corporate bankruptcy

TL;DR: In this paper, a set of financial and economic ratios are investigated in a bankruptcy prediction context wherein a multiple discriminant statistical methodology is employed, and the data used in the study are limited to manufacturing corporations, where an initial sample of sixty-six firms is utilized to establish a function which best discriminates between companies in two mutually exclusive groups: bankrupt and nonbankrupt firms.
Journal ArticleDOI

Rough sets

TL;DR: This approach seems to be of fundamental importance to artificial intelligence (AI) and cognitive sciences, especially in the areas of machine learning, knowledge acquisition, decision analysis, knowledge discovery from databases, expert systems, decision support systems, inductive reasoning, and pattern recognition.
Journal ArticleDOI

Financial Ratios As Predictors Of Failure

TL;DR: In this article, the authors focus on the use of ratios as predictors of failure, defined as the inability of a firm to pay its financial obligations as they mature, and demonstrate that a firm is said to have failed when any of the following events have occurred.
Journal ArticleDOI

Business failure prediction using rough sets

TL;DR: The rough set approach is used to provide a set of rules able to discriminate between healthy and failing firms in order to predict business failure and the results are very encouraging, compared with those of discriminant and logit analyses.
Journal ArticleDOI

Application of the Rough Set Approach to Evaluation of Bankruptcy Risk

TL;DR: A new approach to evaluation of bankruptcy risk of firms based on the rough set theory is presented, which enables one to discover minimal subsets of condition attributes ensuring an acceptable quality of classification of the firms analysed and to derive decision rules from the financial information system which can be used to support decisions about financing new firms.
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